pratik
24 May 2009 at 15:57
As per Indian Compaines act, 1956 can a indian co. granted the loan to the foreign employee or a foreign director or a subsidary company of it so in which section it is given & if the loan is given to the employee or director than they should hold a valid indian passport or a pan card as per compaines act, 1956 does the above provision is applicable or not.
Member (Account Deleted)
23 May 2009 at 18:28
How to register a DEED for DESSOLUTION OF PARTNERSHIP?
What is the stamp duty applicable?
Abhinay Kumar Shaw
23 May 2009 at 16:14
The sales executive of ABN Amro Fixed Deposit have committed me tha if I would make a F.D. of Rs. 24,000 then the bank will issue me a Credit card.
The F.D will be for three months and after that, on the Maturity date of the F.D. the F.D. amount would be released.
But when the maturity date hhas come and I ask to the Bank that I would like to Mature the F.D. then they inform me that if I want to Mature the F.D then the card should be surrendered.
Now an another call I got from the another credit manager of the ABN Amro Bank they promise me the same.
Suggest me as soon as possible.
Nishant
22 May 2009 at 12:27
Dear Experts,
I had granted a loan of Rs 3 Lacs to my one close relative (Brother in law) for meeting out his business needs. I had granted loan to him by issuing cheques in favour of third party (his business client) and in return my brother in law had issued me post dated cheque of Rs 3 lac as a security of the loan. Now this cheque has bounced and i want to initiate legal proceedings against him since he is not ready to pay, my query is :
1. Will the fact that i had issued a cheque to a third party on behalf of the borrower will have any impact on my standing in the court.
2. Since proceedings in indian courts are very slow, and it is quite likely to take 1-2 years at a minimum, Will court take care of the interest cost to be incurred by me from today till the date of final judgement and ask accused to reimburse me the same. What are the grounds for deciding this amount.
3. Will other expenses like advocates fee, legal expenses etc would be imposed on accused and reimbursed to me.
Thnx
sanjay kumar patibandla
21 May 2009 at 08:04
I am practicing an advocate. My friend got dealership of Idea cellular as a sole proprietor of SSC cellular. In that I had taken 40 % share by paying the share amount. As per Idea company terms now no one can enter into that business as partner.
What is the better way to prepare deed between me (on my wife's name) and ssc cellular. Kindly send me the draft.
Guest
20 May 2009 at 12:11
As per the recent LLP (Limited Liability Partnership) Act, CAs, CSs and even advocates can form multi-disciplinary firms.
Is there any Bar Council announcement in this regard?
Tks.
Prashant
20 May 2009 at 09:22
If I take a locker with the bank and in case the robbery takes place in the bank and my locker is also robbed. So is it a duty of banker to take care of articles kept in the locker or even if the things are kept in locker bank is not responsible for such mishaps. If bank is responsible then how bank will settle my claims for damages because the bank does not know what I have kept in the locker. Similarly is there insurance for the same. Against whom I have to file complaint.
Thanks
BHAWNA
19 May 2009 at 12:30
What are the steps of estabilishing BPO/ Call center in India and which all laws are applicable?
Gaurav Aggarwal
18 May 2009 at 13:46
Hi,
RBI came out with a press release on April 08, 1999 inwhich it said that in order to identify identify a particular company as a non-banking financial company (NBFC), it will consider both, the assets and the income pattern as evidenced from the last
audited balance sheet of the company to decide its principal business. The
company will be treated as an NBFC if its financial assets are more than 50
per cent of its total assets (netted off by intangible assets) and income from
financial assets should be more than 50 per cent of the gross income. Both
these tests are required to be satisfied as the determinant factor for principal
business of a company.
Now my question is whether both these two tests (Assets and Income )should hold true for a company to qualify as NBFC or either one of them??
Secondly, does any fee income earned as a brokerage for arranging a loans qualify as "income from financial assets"??
Thirdly, does the fee income charged from an asset holder (lender) for servicing his loan (administering the repayments and helping in recovery) qualify as "income from financial assets"??
rgds..
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registertion of company
hello all respected learned
pls.provide me full procedure to register company with the expenses of all documents and pls provide the documents if possible regards